Dow Jones 30 and NASDAQ 100 Price Forecast January 24, 2018, Technical Analysis

Dow Jones 30

The Dow Jones 30 CFD market pulled back slowly during the trading session on Tuesday, but as the Americans came back to work, buyers stepped in and pick up value in the markets. The corporate earnings of course are helping, so I believe that it’s only a matter of time before we reach to the upside. The 26,300 level above is the recent high, and I think we will probably break above there and continue to go towards the 26,500-area next.

Dow Jones 30 and NASDAQ Index Video 24.01.18

NASDAQ 100

The NASDAQ 100 has drifted sideways during the session, but as Americans came back to work they sent the NASDAQ 100 higher. The market is likely to test the 7000-handle next, and I think that short-term pullbacks are buying opportunities that give us an opportunity to go long. There are a few opportunities along the way from what I see, meaning that the short-term pullback is something you should look towards to add to a core position. I believe that the market will struggle at the 7000 handle though, because it is a large psychologically important number. However, I think that given enough time it’s more than likely that we do break above that level and continue to go much higher. I believe that the 6900 level currently is the short-term floor, with an even more significant support barrier at the 6800 level. I have no interest in shorting, and I believe that the NASDAQ 100 is now leading the rest of the indices higher.